The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that on 15 May 2025 it adopted a resolution in respect of which it will submit a proposal to the Ordinary General Meeting of KGHM Polska Miedź S.A. to adopt a resolution on the allocation of profit for 2024, in the amount of PLN 2 787 596 997,52, by transferring the entire amount of the profit to the Company’s reserve capital.
In developing its recommendation, the Management Board of the Company mainly took into consideration the assessment of financial needs of the KGHM Polska Miedź S.A. Group in the context of advancement of short and long-term investment plans.
The above proposal of the Management Board was positively reviewed by the Supervisory Board of KGHM Polska Miedź S.A.
The final decision regarding the allocation of profit for 2024 will be made by the Ordinary General Meeting of KGHM Polska Miedź S.A.
Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC